Mesa Royalty Trust (NYSE:MTR – Get Free Report) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 1,202 shares, a growth of 125.5% from the May 31st total of 533 shares. Based on an average daily volume of 12,448 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.
Mesa Royalty Trust Stock Down 0.6%
Shares of MTR traded down $0.02 during mid-day trading on Wednesday, hitting $3.08. 7,857 shares of the company’s stock were exchanged, compared to its average volume of 15,851. The stock has a market cap of $5.73 million, a price-to-earnings ratio of 15.40 and a beta of 0.41. The firm has a fifty day moving average of $3.95 and a two-hundred day moving average of $4.48. Mesa Royalty Trust has a twelve month low of $3.06 and a twelve month high of $5.98.
Mesa Royalty Trust (NYSE:MTR – Get Free Report) last released its quarterly earnings data on Monday, March 30th. The energy company reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $0.14 million during the quarter. Mesa Royalty Trust had a net margin of 65.19% and a return on equity of 11.24%.
Mesa Royalty Trust Dividend Announcement
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Mesa Royalty Trust in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Mesa Royalty Trust currently has an average rating of “Sell”.
Get Our Latest Stock Analysis on MTR
About Mesa Royalty Trust
Mesa Royalty Trust (NYSE: MTR) is a statutory trust that holds overriding royalty interests in oil and natural gas properties primarily located in the Permian Basin of Texas and New Mexico. Established in 1981 by Mesa Production Oil & Gas, Inc, the trust’s portfolio comprises interests in thousands of producing wells across key producing areas, including the Midland, Delaware and Central Basin platforms. These interests provide the trust with net revenue rights to a portion of the hydrocarbons produced from the underlying formations.
The trust’s core business activity is the collection and distribution of royalty income derived from the sale of crude oil, natural gas and natural gas liquids (NGLs).
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